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Page 7 <br />August 10, 1987 <br />•� EXPENDITURES -OTHER FUNDS <br />Recreation Activity Fund. <br />Park 6 Recreation staff has prepared their plan of recreation <br />sf <br />programming for 1988. Total estimated expenditures of $102,331 <br />:x <br />will provide recreation programs in four major areas: Youth <br />Recreation, Adult. Recreation, General Recreation and the Aquatics <br />Program. A listing of each individual activity planned is <br />contained in the detailed budget book available to you. <br />Lakeside Park. <br />The Lakeside Park Fund accounts for the operation of swimming <br />programs at the Park and the maintenance of the buil.dincjs and <br />grounds. Costs are shared with the City of Spring Lake Park. <br />The proposed 1986 Budget for the Park is $22,222. <br />-.i; <br />Forestry Fund. <br />Expenditures of $33,538 are proposed for Forestry operations <br />during 1988. This is an increase of 5.13% over the costs of 1987 <br />budgeted operations. This increase is attributable to a' <br />comparable worth wage adjustment given to the Forester during <br />1987. A new pickup truck to replace the present Forestry vehicle, is proposed. Staff proposes that the truck be financed by <br />issuance of a Capital Note and a special property tax levy to <br />repay the note. <br />Cable TV Fund. <br />Staff proposes the creation of a Cable TV Fund to account for <br />franchise fees received from Cable TV North Central, Inc. <br />Pursuant to the Cable TV franchise agreement these fees may only <br />be used for Cable TV related purposes. Staff proposes total <br />expenditures of $15,000 to be used for televising Council <br />meetings and public information broAdcasts and repairs to <br />equipment. The proposed expenditure budget is based upon <br />anticipated franchise fees less expenses of the North Central <br />Cable TV Commission. <br />Debt Redemption. <br />Bonding agreements for the Advance Refunding Bonds of 1976 <br />provide for a debt service tax levy of $11,600 in 19BB, A recent <br />study of the city's bonded indebtedness indicated that, due to <br />prepayments of special assessments and favorable interest <br />earnings, this 1.vy could be reduced by 25% or $2,900. Thus, a <br />property tax levy of $8,700 is required in 1988 for bonded debt. <br />